This work examines the law and practices relevant to the principal forms of international business and commercial transactions. It includes chapters on negotiating business transactions; the law governing international sales of goods; structuring international sales transactions; the function and substance of international commercial terms; the law governing the international transportation of goods; trade finance (i.e., the financing of international business transactions, especially through letters of credit); digital trade and data privacy; technology transfers, including patent licensing, both voluntary and compulsory; international franchising; the initiation and operation of foreign investments, including regulations affecting investments; expropriation and related investment risks; extraterritorial regulation of international business; compliance law, with a focus on the law combatting corrupt payments to foreign officials; and the resolution of international disputes, whether through litigation in domestic court or through international arbitration. Throughout these broad fields of international business transactions, this new 12th edition analyzes recent treaties, legislation, cases, and other relevant legal developments.